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20130106
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Search Results 0 to 26 of about 27 (some duplicates have been removed)
to raise the country's debt ceiling. shortly after lawmakers reached a down to the wire deal on taxes to pull the country back from the fiscal cliff earlier this week, the president tried to preempt the debt limit showdown by firing a warning shot at republicans. he reiterated that call yesterday. >> one thing i will not compromise over is whether congress should pay the tab for a bill already racked up. the congress refuses to give the united states the ability to pay its bills on time, the results for the global economy could be catastrophic. >> congress has vowed to use the upcoming votes to get more spending cuts to entitlement programs like medicare. some are threatening a government shutdown. in a moment, we'll talk to alan simpson and erskine bowles about where they see the fiscal cliff deal leaving the country. they say it falls short. but first, the man who brokered the deal with the white house on behalf of the republicans and no doubt will be a key figure in the battles ahead, the top republican in the senate, mitch mcconnell. he joins me now. leader mcconnell, happy new ye
that lower the avalanche of spending. >> raising the debt ceiling and raising objections over former republican senator chuck hagel. the president's expected choice for defense secretary. our conversation with senators dick durbin and lindsey graham. then, learning the ropes with two freshmen, democratic senator democrat heidi heitkamp and republican senator richard hudson and plus can either party compromise and keep hard core supporters on board, neera tannen, stephen moore of the "wall street journal" and jackie calmes of the "new york times" and our own dana bash. you knows what happens when sis fuss rolls that boulder to the top of the hill, it rolls back down, a piece of greek mythology that brings to us the reality of the u.s. congress. it got a deal that raises taxes on the upper brackets and prevents for now huge spending cuts. it's moved on to the issue of avoiding a u.s. default. >> the president needs to show up early this time. >> republicans say they are done raising taxes. they want the president to agree to spending cuts in exchange for raising the amount of money the
the sequester or the debt ceiling or the operation of government to try to engage the president to deal with this. but -- >> but you said that was a strategy, that's what you learned. i want to come back to the question. it's a hostage that's worth ransoming, the debt ceiling of the united states government. is that the strategy that you would ransom that here again to force the kind of spending cuts that you think are necessary? >> it's a shame that we have to use whatever leverage we have in congress to get the president to deal with the biggest problem confronting our future. and that's our excessive spending. >> but you're conceding that that may be the strategy this time? >> well, what the strategy ought to be is we ought to be doing something about the problem. >> well, i understand that. but there are additional problems as well that flow from that. as you know, after the debt ceiling was resolved in the summer of 2011, america's credit rating was downgraded. john ingler was the republican governor of michigan and said the following. he said this is to bloomberg news. it's a terr
for coming in. >> thanks for having me. >> raising the debt ceiling is non-negotiable. how is that going to go over with republicans? >> this is very much the first opening for ray on both sides. the president is non-negotiable, he wants to raise the debt ceiling. you have conservatives in congress saying we're not afraid to let the government shut down. they're starting on the opposite sides of the court and they'll move towards the center, if there's a deal. >> the president says he's willing to talk about more spending cuts as we discussed. not only the debt ceiling but also the sequestration, which is still on the table. that was pushed two months down the road and has to be dealt with but the president says he's not going to talk about that without discussions on more revenue, perhaps more tax hikes. is that on top of the ones with the fiscal cliff deal? >> when you borrow money and raise offsets. the president made it clear he wants that to come from revenue. the next thing they need to look at is spending cuts and congress is going to push for that. especially given the president
to be greeted over confrontations with the debt ceiling. the debt ceiling is the legal limit on the nation's borrowing. in his weekly address, the president says he's taking a hard line on the issue. >> one ning i will not compromise over is whether or not congress should pay the tab for a bill they have already racked up. if congress refuses to kbif the united states its ability to pay its bill on top, the consequences could be catastrophic. last time congress threatened this course of action, our economy suffered for it. our families and our businesses can not afford that dangerous game again. >> on the first day of the new congress, lawmakers introduced nearly a dozen bills related to gun violence. they come in the wake of the connecticut school shooting and promises from president obama to take concrete action to avoid another tragedy. >> reporter: as students at sandy hook elementary return to class, former congresswoman gabrielle giffords, nearly killed in a mass shooting two years ago visited newtown, connecticut. and on capitol hill, lawmakers arrived to begin a new session of cong
. the debt ceiling and this week people are getting paychecks for the first time. >> people will be surprised the president said if you make less than $250,000 you will not pay one dime. they are paying a lot of times. making $50,000 will be on the hook of additional $1,600. you don't have that to give the government so they can waste it to borrow more money. it will hit people hard. ha and then add the obamacare tax and the economy will be in a world of hurt. gerri: maybe there is a tax revolution. people may make calls to congress. o knows? >> i do think there will be a revolt from people who voted for obama that would only hit the nasty rich people. but it will hit them. in and they lose their jobs because the rich guy cannot keep people on the payroll is pay the government or keep the employee. he makes the decision about the employee but nothe taxes or he goes to jail. gerri: we had jobs numbers today. 155,000 jobs were created. that is so unimpressive. if we don't create 240,000 jobs we cannot keep up with the number being born and the workplace. so many people have quit looking and the
ceiling -- you asked about the debt ceiling which is first up when they come back. how does the politics of the house to address the debt figure in to politics and the farm bill? >> the theory that leaders were operating under during the debate on the fiscal cliff that we just wrapped up -- if you saw a situation where you needed to find deficit reduction to offset some sort of either spending cuts or offset increase to the debt limit or be paired with an offset, the farm bill would be a good inclusion in that effort. what we heard senator stabenow say today was that a less optimistic view -- was a less optimistic view, but a more realistic view, but that is not likely to happen, given what is going on with the farm bill and given what we have learned. the house has no plans to take it up. they did not take it up at all last congress. it is too early to tell really what the plan is among the house leadership. even if chairman lucas does a farm bill, no one knows where it will go. >> as we are taping, some more news has come out on the house side about pushing for a timetable with leaders
. the president says he isn't going to have a debate with us over the debt ceiling. he also says he's not going to cut spending with along with the debt limit hike. citing a poll by david winston says that any increase in the nation's debt limit must be accompanied by spending cuts. texas senator john correspond anyo cornyn threatened a partial government shutdown. the coming deadlines will be the next flash points in our ongoing fight to bring fiscal sanity to washington. it may be necessary to shut down the government in order to secure the long-term fiscal well-being of our country, rather than plod along the path of greece, italy and spain. president obama needs to take note and put forth a plan immediately. and pat tume voiced the same sentiment in week earlier on "morning joe." >> our opportunity is on the debt ceiling. the president made it very clear. he doesn't want to have a discussion about it, because he knows this is where we have lev range. we republicans need to tolerate a temporary partial government shutdown which is what it could mean and insist we will get off the road to gre
no compromise on the debt ceiling. where is this all headed? >> round two of this new year, basically the same fiscal kind of fight. the republicans, which some people say the republicans lost this first round by allowing the tax rates to go up for the first time in a couple of decades on the wealthier americans. they're saying, look, this is our chance to sort of gain back some of what we might have lost and really make an impact on the spending cuts. they're saying we want to hold the president to the lineup as we go towards this debt ceiling. if the president wants to raise the debt ceiling, we want an equal dollar per dollar spending cut if we want to raise the debt ceiling. within the two months, if you see a fight over the debt ceiling and sequester, these automated spending cuts, they're mandatory right now. republicans are really going to hold the line. now it's going to be a question of who is willing to blink first or who doesn't want to blink first. i think it's going to go down to the wire, just like this last one did. >> rachel, a lot of what i talked about this weekend with democ
, debt ceiling cliff. your elected officials ready to push america over the edge of the cliff. >> i will not have another debate with this congress over whether or not they should pay the bills that they've already racked up through the laws that they passed. >> well, yes, you will, mr. president, and very soon. democrats and republicans are set to clash again over raising the u.s. debt ceiling. back in the old days, the u.s. had a snl where every time a bill involving money was passed, the treasury had to raise money for by issuing bonds. the debt ceiling law was given the u.s. treasury the flexibility to borrow money. it had nothing to do with spending control or debt control. it was a technicality. most functioning countries don't have any such thing because they understand that if the government spends the money. it has to pay the bills. republicans seem to think that the debt sealing is a good tool to limit how much the government spends, the current debt ceiling was hit on december 31st, but like last time, the u.s. treasury is using extraordinary measures to ghet get it throu
bait into the debt ceiling limit and whether you go past it. here is what the president said about that on tuesday. let's list. >> if congress refuses to give the united states government the ability to pay these bills on time, the consequences for the entire global economy would be catastrophic. far worse than the impact of a fiscal cliff. >> congressman jordan back in 2011 when we had the debate you advocated going past the debt ceiling deadline saying it wouldn't be such a bad thing. would you advocate that again this year? >> i advocated a solution and not a deal. it is no wonder the president doesn't want to debate this. if i had prosided over the four annual highest deficits in american history, $5 trillion increase in the national debt i probably wouldn't want to talk about the issue either. let's look at the facts. since the debt ceiling agreement passed 16 months ago the day after it passed we got a downgrade from s&p. a week after the market dropped 1300 points. the supercommittee which chris and so many members voted for fell apart like we all thought it would and the on
year an it is mpletely unprecented. there's no change in sight. this is the debt ceiling debate of july and august 2011 which was supposed to come to grips with spending and our debt. it was punted off until this january. what came out was another probably as a result of the next one. we will come out with everything deferred. we are not facing the problem. ultimately, it will destroy our economy. >> i disagree with both nina and charles. it was postponed. it was avoided. that's a good thing. yes, the candid get kicked down the road. they had to because of the sequestration that will be taking place. what was achieved is that the president the achieved his goal of increasing the tax rate on the wealthy. that was important. the loser clearly being speaker boehner. yet a bad beginning of the year. >> the voters send them across the washingtons and make sure that they get every benefit that the government has available to them. they some republicans to washington to make sure that they will not have to pay. both parties keeping promises. they will much such a single gray hair on that beaut
item on the agenda. the debt ceiling and spending. we hope, now that the president is back do we know what his strategy is? >> he was victor in the elections and he intends to use that political capital and his campaign style success to get his message across. for example, we hit the nations 16 hadn't $4 trillion debt limit last week. that is the nation's credit card limit to pay for spending. the president is making the case publicly he wants congress to raise that limit without a fight. >> one thing i will not compromise over whether or not congress should pay the tab for a bill they already racked up. if congress refuses to give the united states the ability to pay its bills on time, the consequences could be catastrophic. our entire economy could suffer for it. our family and businesses can't afford that dangerous game again. >> molly: congress has two months to fix the debt ceiling problem before the u.s. may have to default on its bills. >> jamie: what kind of reaction did we hear from republicans? >> molly: republicans agreed for the push for higher taxes during the fiscal clif
, and we know these three issues are coming up, the sequester, the debt ceiling and the continuing resolution to operate the government. why not sit down and not wait until the last minute to get these matters resolved? look, the biggest problem confronting the country is not taxes, it's spending. we don't have this problem because we tax too little. we have it because we spend too much. we now have a $16.4 trillion national debt, as big as our economy. that alone makes us look a lot like greece. this administration has driven spending from 21% of our economy up to almost 25% of our economy. we've got to stop using the credit card, and any opportunity we have to engage the other side in a discussion about quitting the spending spree, we're going to engage in. >> and the question is, how do you follow through on your strategy, and, you know, a lot of your allies are worried about that prospect. "the wall street journal" editorial page said "the political result would be far worse if republicans start this fight only to cave in the end. you can't take a hostage you aren't prepared to
to have a debate with us over the debt ceiling. he also says that he's not going to cut spending along with a debt limit hike. fiscal cliff behind us on the focus turns to spending. speaker ehr cited a new poll, showing 72% of americans agree with him. but any increase in the de limit must be accompanied by an equal amnt in spending cuts. senator john cornyn saying that if the president intends the president intends to carry through with his no negotiation threat, but a government shutdown may be the only way to find resolution. the new senate majority leader is saying that it may be necessary to partially shut down the government in order to secure the fiscal well-being of our country. the looming deadline for action has been obvious. and in every instance the white house has purposely blow up the process in a shameless attempt to score cheap political points. "the washington post" reported the top ally in the senate may not be fully on board with his approach. his imperious stance, if you will. senator harry reid repordly warned mr. obama is refusa to negotiate on the debt limit and
entrenched when it comes to the agreement that's got to be worked out regarding the debt ceiling? that's not that far off. >> right. you know, using the debt ceiling as the lever to try to force through a big deal is enormously problematic because of all the collateral damage associated with it. beginning to hear a few republican voices saying do we want to go through again what we did in 2011? i think the problem was the bush tax cuts were the moment there was enormous you expiration of the bush tax cuts, a moment when there was enormous leverage to make a deal. now you it gets harder going forward. today, you had mitch mcconnell on "meet the press" half a dozen time saying taxes have now been resolved only saving $600 billion the next decades, half the amount the president said he believed he needed to get the deficit under control. and on the other side, with the tax issue off the table, it's not really clear what is the leverage that is going to allow the republicans to force democrats to deal with the entitlement side, unless you can believe they can do that through the debt ceili
". good morning. >> good morning, carrick qaa. >> the first fight is a familiar one, the debt ceiling. when you look at this new congress, what will we see when it plays out? also a familiar scenario? >> well, i think there's so much division within the republican party. when you look at reaction to this fiscal cliff bill, a temporary measure and you see how it has torn the republican party apart, it begs the question what is going to change when it comes to the debt ceiling. the president state aid red line say he will not negotiate the debt ceiling. in 2011 they finally got a deal. america's credit rating was downgraded with them playing chicken one side on the other. he will be locked in with republicans over spending. now that they have given on the tax part of this there are so many fights ahead. >> when we look at future deal making, speaker boehner said i'm not going to do one-on-one negotiations with the president. how is that going to impact things? >> he became the negotiator with the white house. but it begs the question, how much different senate republicans are than house
in the meantime says he will not compromise over his calls to congress to raise the debt ceiling without negotiations. senior affairs, white house correspondent starts with this. the president has warned congress several times not to tie the debt ceiling talks to spending cuts. is he persuading any republicans? >> doesn't look like it, shannon, because they are shaping up for another fight in a matter of weeks. technically the government ran out of money the end of the year. secretary treasure geithner said he can buy us a couple months with creative accounting moves. the president said even though he signed the legislation, its up to congress to find a way to pay for the bills it incurred. >> congress refuses to give the runs the ability to pay its bills on time, the consequences for the entire global economy could be catastrophic. the last time congress threatened this course of our entire economy suffered for it. our families and our businesses cannot afford that dangerous game again. >> the president said he signed a bill last year that cut $1.7 trillion from the deficit. republicans
was tough stay tuned for bruising round twompt from automatic spending cuts to raising the debt ceiling and paying for uncle sam to at a open, the battle battle lines are how will that fight play out. we'll ask two key congressman. van hollen and jim jordan. he's's new man in town with a message that champions opportunities. will the party establishment listen. we'll get a fresh perspective from senator ted cruz. from spending to immigration and gun control debate, will the new congress get past the toxic partis an shepto get things done for voters. we'll ask the sunday panel to read the political teleaves all right now on "fox news sunday". hello again from fox news in washington. after side stepping the fiscal cliff, the country faces a triple threat of greater scale . at stake government spending cuts and full faith and credit of the united states. with bruises fresh from the last dust up early jabs are already flying. joining is democratic chris van hollen and republican jim jordan. senate minority leader said the revenue piece is done. the president wants more tax he needs to limit
and the spending cuts? >> well, i mean, i think the first up is the debt ceiling, and that's where you're now beginning to hear talk of, well, maybe we'll partially shut down the government. the president said i'm not -- i am not going to have a debate over whether we should borrow money to pay for what we've already spent. only he says to pay for what congress has already spent, and the republicans are saying, well, we're not going to raise that debt ceiling and allow the u.s. to borrow unless we get one for one. a dollar in the raised debt ceiling and a dollar in spending cuts, so i'm not sure where this is going. some republicans say, hey, we're going -- this is where we're going to get our spending cuts because they don't think they got any in the fiscal cliff plan that was just passed and this is where they want to make that stand. will all of them make it because it will need all republicans, particularly in the senate, to stick with that. so we'll see. it's another one of those, you know, games of chicken again. >> kind of getting tired of those, aren't you? >> me, too. need a new anal
will be an in-your-face term. i won't talk to you about the debt ceiling and the secretary of defense will get a lot of bipartisan concern. >> we have live pictures of air force one landing here at andrews air force base. the obama family is returning to washington. mrs. obama and the girls have been in hawaii a couple of weeks. the president's gone back and forth between d.c. and hawaii because of the fiscal cliff battle. you heard senator graham talking about chuck hagel, what appears to be the nominee for defense secretary. congress has two months to fix the debt ceiling before the u.s. may have to default on its bills. so the president comes back from a nice vacation in hawaii, he comes back to big issues that they have to tackle. sequestration, the debt ceiling, spenning. he is enjoying his last few minutes here on the plane, taxiing and he will head back to the white house with his family. >> jamie: molly, thank you. >> can washington come up with a plan to raise the debt limit without burying the count country in more debt? we have a former spokesperson for former governor jeb bush. hap
months, as the government reaches its debt ceiling and can't borrow any more money. president obama wants to lift that ceiling. the republicans don't. and it appears we're heading for another "thelma and louise" ride to the edge. remember -- they went over. we'll discuss that possibility next week with paul krugman, the nobel laureate in economics and "new york times" columnist whose bestselling book, "end this depression now!" calls for full employment as an alternative to austerity. read it, then send us the question you would like me to put to paul krugman. meanwhile, another reality beckons and there's a menace more threatening than the fiscal cliff ever was. what should really be scaring the daylights out of us -- the crisis which could make all the others irrelevant -- is global warming. get this one wrong and it's over -- not just for the usa, but for planet earth. that's the message delivered by hurricane sandy, and by almost all the extreme weather of the past two years. and here in the first month of the new year, it's the message from the most informed scientists in the world.
, the debt ceiling. >> later, how do you show your redskins pride? if you're this woman, you show it one fingernail at a time. that story and more, coming up on the news at 10:00.  . >>> president obama might choose his next secretary of defense on monday. right now, it looks like that choice is former nebraska senator chuck hagel. but the republican lawmaker won't necessarily have an easy time getting through the confirmation process. james rosen reports. >> reporter: the white house sources had cautioned that no decision had yet been made on the top pentagon spot, but two democratic sources told our ed henry that chuck hagel, former two-term gop senator from nebraska is likely to be nominated early next week. a maverick who opposed the surge in iraq and toured the mideast with then-candidate obama in 2008, hagel is assured of rough sledding in confirmation hearings. gop senator, marco rubio of florida has signalled he may block the aapproval unless hagel drops his embargo in cuba, and -- hezbollah as a terrorist group. then there are remarks hagel made t
pretty much stated the republican position today. >> if you raise the debt ceiling by a dollar you should cut spending by a dollar that is the way to go forward. >> president obama insists he will not compromise raising the debt ceiling and said any future efforts to reduce the deficit must include a combination of higher revenues and spending cuts. joining me to talk about it jake sherman. senior editor for the new republic. noam wrote a book called "the escape artist." the president has declared that he will not negotiate over whether to raise the debt limit. why don't you believe him? >> well, i don't believe him for sort of practical reasons and partly for the history of his negotiating style. the practical reason is we have a couple of things coming up that he is clearly going to negotiate over, one of which is the sequester, the automatic spending cuts that they delayed for two months when they did the fiscal cliff deal. that is going to expire late february and early march. it is hard for them to say we are going to negotiate but don't call it a debt ceiling negotiation. we'll just
Search Results 0 to 26 of about 27 (some duplicates have been removed)

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